Member Info for SeagullsFan

@Alun21
I have a target of 8-10p by end of 2022. That would be a mcap in the same ballpark as yours.

Sound advice from SI. Don’t invest based on BB rampers/derampers and twitter. Check the fundamentals of the company and make your own decision. There are too many people with agendas on BB’s and twitter.

@dbd
Guilty as charged sir!
:-)

@ukchips

The current SP is much lower than I hoped/expected it to be after the spud - just goes to prove that trying to guess the markets is very hit and miss (or maybe that's just me lol).

Happy New Year to all - been taking some timeout from shares over the last couple of weeks - it's that time of the year when activity is generally slower. Been some good posts I've been catching up on (and some not :-) ).

Maybe we'll see more activity going into next week as the first full week of the year - be happy to see 5p before results which is lower than many of us were initially expecting a few months back.

I'm also hopeful that from next week we'll start to get some more news flow again.
I wouldn't be surprised if there's been a conscious decision to hold some "marketing type" news back until next week and the markets are back to normal after the holidays. Jan could be a good month with the new plant coming on-stream too.

@Hazdogg
Yep, was not expecting to be at 4.1p today. I was hoping for 4.5p or higher today.

@JEZZAC

Very likely - also, as we've discussed, there's a lot of shares held by a number of posters on here and we've not been selling. Hopefully that should help limit the supply and drive some decent gains before spud.

4.38p paid.

Well, it's been rumoured that I'm brain dead more than once Wyn, so does that count? ;)

For those with L2 access, what are your thoughts on resistance levels.

It seems to me that any free shares are getting snapped up quick.

Seconded ukchips. And a mention to Amin too.

Been a long and painful wait at time - next few weeks and we could make some decent profits guys.

You won't let me live that down will you Wyn ;)

Good movement today - let's hope for a solid few days leading up to Xmas.

By popular demand (well pjonesy anyway).
Small one just for now - bigger one when we spud.

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It’s pointless trying to extrapolate the lows from a one-off event into a prolonged price crash.

With the on-going reduction in exploration leading to diminishing reserves, once the demand goes back up (which it will, even with a short-term drop due to omicron) there’s only one direction that oil is going IMO.

As we’ve seen recently, we can’t rely on solar/wind for enough energy, and the small nuclear reactors are still a long-way off. The only viable sources of energy are oil, gas and coal. If anyone seriously expects the main users of fossil fuels (China, India) to curtail their use they are deluded. Also, as Africa needs to develop further, the only way that will be achieved is via cheap energy - which means fossil fuels.
Won’t make Greta happy, but then nothing does.

Alternative view.
Company is undertaking good PR since IPO took place.
Good news flow to continue into 2022.
Shares are currently cheap compared to where they will be in 12 months.
My target end 2022 - 8-10p.

It’s also caused by ‘money printing’ (QE etc). The more the mo hey supply increases, the more demand there is.
I agree there are supply side issues currently, but the vast amount of the debt has been added over the last 20 odd years or so.
Simple fact - you can’t print wealth, which is what is going on.

I guess you’ve never experienced high inflation ukchips. High inflation kills the economy.

Interest rates are only this low because the world is awash with debts which can’t be repaid. Central banks are trapped as they can’t raise interest rates too much as this will increase debt repayments for governments/businesses/individuals, but they also can’t allow inflation to become too entrenched.

They’ve played ‘kicking the can down the road’ for so long they think they can keep doing it by issuing more debt. Eventually reality kicks in.

Yep, I’m sure Jadestone are happy to keep paying out $100k+ per day to slow things down because they are jealous. :-))

Doesn’t really make sense does it ukchips.

Looks like you’ll be picking up some cheap ‘uns Baldey. Good for you.

I’ll see how things unfold tomorrow, but at his price with an expected/hoped for price of 5p-5.5p during spud, it seems like easy pickings.

Fundamentals have not changed.
ADV BOD have not screwed up.
Rig has no issues.
Only issue is Jadestone and their overrun.

I don’t feel the need to vent about this - so our (hopeful) good news is delayed 4 weeks, that’s not really that important, unless you need funds of course.

My thoughts too. This is a good story IMO - and the profits from the recycling can be used to support the mine exploration.

Good year coming up in 2022.